MIRA
INFORM REPORT
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Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
AHMED KHALIL AL BAKER & SONS |
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Registered Office : |
(D) Ring Road, P O Box
9, Doha |
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Country : |
Qatar |
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Year of Establishment : |
1950 |
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Com. Reg. No.: |
38, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Engaged in the wholesale of fast moving consumer goods. Engaged in the import and distribution of pharmaceuticals and medical
supplies. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AHMED KHALIL AL BAKER & SONS
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date :
1950
Commercial Registration Number :
38, Doha
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
150
Activities :
Subject operates several divisions (see below for details)
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit Limit :
US$ 200,000
COMPANY NAME
AHMED KHALIL AL BAKER & SONS
ADDRESS
Registered &
Physical Address
Location : (D) Ring Road
PO Box : 9
Town : Doha
Country : Qatar
Telephone : (974) 4551765
Facsimile : (974) 4550621
Email : albakerq@qatar.net.qa
Premises
Subject operates from a large suite of offices and a warehouse that are rented
and located in the Suburban Business Area of Doha.
KEY PRINCIPALS
Name Position
Yousef Ahmed Khalil Al Baker Managing
Director
Basim Ahmed Khalil Al Baker Director
Anis K. Joseph Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1950
Legal Form :
With Limited Liability - WLL
Commercial Reg. No. : 38, Doha
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Name of
Shareholder (s)
Yousef Ahmed Khalil Al Baker
Basim Ahmed Khalil Al Baker
OPERATIONS
Activities: Subject’s
operations are performed through the following divisions:
·
Consumer
Division
Engaged in the wholesale of fast moving
consumer goods.
·
Pharmaceutical
Division
Engaged in the import and distribution of pharmaceuticals
and medical supplies.
·
Al Baker
Pharmacy
Operators of a pharmacy.
·
Real Estate
Division
Engaged as real estate agents as well
property development and lettings.
Import Countries: Europe and Asia
Subject has a workforce of approximately 150 employees.
FINANCIAL DATA
Companies registered in Qatar are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
BANKERS
HSBC Bank Middle East
Abdullah Bin Jassim Street
PO Box : 57
Doha
Tel : (974) 4423124
Fax : (974) 4416353
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course of this investigation nothing detrimental was uncovered
regarding subject’s operating history or the manner in which payments are
fulfilled. As such the company is considered to be a fair trade risk and the
above credit figure is within subject’s financial means.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)